M&A Deal Summary

Nike Acquires Cole Haan

On April 26, 1988, Nike acquired apparel/textiles company Cole Haan for 95M USD

Acquisition Highlights
  • This is Nike’s 1st transaction in the Apparel/Textiles sector.
  • This is Nike’s 4th largest (disclosed) transaction.
  • This is Nike’s 1st transaction in the United States.
  • This is Nike’s 1st transaction in New York.
Investment Fate
  • Cole Haan was divested to a consortium of buyers in 2012 for 570M USD.

M&A Deal Summary
Date 1988-04-26
Target Cole Haan
Sector Apparel/Textiles
Buyer(s) Nike
Deal Type Add-on Acquisition
Deal Value 95M USD

Target

Cole Haan

New York, New York, United States
Entrance to a Cole Haan retail store in Chicago, Illinois.
Entrance to a Cole Haan retail store in Chicago, Illinois.
Cole Haan is a designer and retailer of premium men's and women's footwear, apparel, and accessories. The company's brand represents craftsmanship, style, and innovation. It sells through department stores, 108 domestic Cole Haan stores, 68 international stores across Canada, China, and Japan, and its online site. Cole Haan was formed in 1928 and is based in New York City.

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Buyer(S) 1

Buyer

Nike

Beaverton, Oregon, United States
Category Company
Founded 1964
Sector Apparel/Textiles
Employees79,100
Revenue 51.2B USD (2023)
DESCRIPTION

Nike is a designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities. Nike was founded in 1964 and is based in Beaverton, Oregon.

DEAL STATS #
Overall 1 of 11
Sector (Apparel/Textiles) 1 of 5
Type (Add-on Acquisition) 1 of 11
State (New York) 1 of 1
Country (United States) 1 of 9
Year (1988) 1 of 1
Size (of disclosed) 4 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1994-01-01 Performance Sports Group

Exeter, New Hampshire, United States

Performance Sports Groupis a developer and manufacturer of ice hockey, roller hockey, lacrosse, baseball and softball sports equipment, as well as related apparel and soccer apparel. Performance Sports Group was founded in 1927 and is based in Exeter, New Hampshire.

Buy $395M
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